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- 168 Results (2 Threads, 166 Replies)
- gmohata replied Jan 5, 2009
My advice to anyone trading GBP/USD is to always study the EUR/GBP charts and pair - they give you a lot of insight. At the moment - US$ is strengthening against the majors (except commodity currencies). GBP is not lossing out too much because ...
- gmohata replied Dec 31, 2008
More of profit taking on GBP crosses like EUR/GBP and GBP/JPY - as soon as these are done - new positions will start coming in and GBP should go down - hence an advice would be NOT to go long on G/U because that is not leading the action - its more ...
- gmohata replied Dec 31, 2008
i saw it on my esignal platform - not sure of any website.
- gmohata replied Dec 31, 2008
Friends If you look at last 10 years data - the last trading day of the year has a good 200+ pip range - and 90% of the times - the day's position is in the direction of the last 3 days - so we should have a UP day today - if we can simply look into ...
- gmohata replied Dec 30, 2008
if you go short at 4290 - you may want to keep your s/l atleast above 4375 - yesterday's high and strong resistance area. Once again markets are very illiquid to have a predetermined trade - better to follow price action and wait for exhaustion and ...
- gmohata replied Dec 30, 2008
remeber 418x is 50% fibo of larger down trend so if that breaks conclusively - there could be a lot of upside. in such think illiquid markets its never advisable to look at indicators for overbought/sold - just follow the price action on multiple ...
- gmohata replied Dec 17, 2008
absolutely correct - look at your account and make your decision. Its hit a tough resistance - price action over the past few days suggest that we will close the week higher - but NO one can guarantee that or the opposite. So it really depends on ...
- gmohata replied Dec 17, 2008
Trust me - a lot of traders are thinking along the same lines. My guess is we are seeing some profit taking at the 50% fib level. Most traders would probably be waiting at the sidelines and would have entry orders for long at 4220 or so. The best ...
- gmohata replied Dec 17, 2008
Your calls are day trades but your explanation is swing trade - hmmm .. interesting
- gmohata replied Dec 17, 2008
so 700 pips in 3 days ? OK since we are making calls - I call Long EU - target 1.46 this week.
- gmohata replied Dec 15, 2008
Did you know that if traders don't take opposite positions - there wont be a market anymore ? someone has to be short for you to be long.
- gmohata replied Dec 10, 2008
use VT trader for charting / strategy testing and MB Trading for real trades
- gmohata replied Dec 10, 2008
It has broken all time highs - no one wants to buy the pound anymore - there is still a lot of countries who hold reserves in Euros - EU zone doesn't look good either - but is much better placed than UK - plus a lot more such fundamentals say that ...
- gmohata replied Dec 5, 2008
thank god - i can now trade another day knowing all the knowledge isnt that bad
- gmohata replied Dec 5, 2008
I hope you realise that the question you are asking will take about 2-3 years to answer on your own. If anyone answers it for you - be prepared to loose all your money. No pun intended - but thats a reality. For starters pick up any half decent book ...
- gmohata replied Dec 5, 2008
Agree with the analysis - we (Australia) could possibly be the last of the G10 to enter into a recession - and if that is the way it will play out - our recession will be a shallow one. AUD seems to be a fair value at the moment, could certainly go ...
- gmohata replied Dec 5, 2008
mate i dont want to get into a political argument or discussion - though i still stick with my views. oh - and yes - i am not a democrat or a republican - i live in Australia and hence can see things more objectively.
- gmohata replied Dec 5, 2008
Good point - though i believe NFP will be terrible and pound will be the loser (ironic). Why will NFP be terrible - those who have followed the markets for years and have regularly read and understood the fundamentals - they know that numbers such ...
- gmohata replied Dec 5, 2008
absolutely - i will now open my mind - but i wont lose any of my trading money while opening my mind. I usually keep my mind away while trading - its just my eyes, the charts, background knowledge of fundamentals and thats it - no mind / no heart.
- gmohata replied Dec 5, 2008
Trading against the major trend on a Friday can be VERY dangerous to your account. Especially against the Pound which practically no serious buyer wants to hold.